Archives

Tagged ‘hedge funds‘

Divestment as the Vehicle to Interlocking Globalized Capital [McKibben’s Divestment Tour – Brought to You by Wall Street: Part XV of an Investigative Report]

"...private equity raised close to $34 billion for oil and gas funds in 2015—a 94% rise from three years ago—as new transactions continue to be executed."

Environmentalism is Dead – Welcome to the Age of Anthropocentrism [McKibben’s Divestment Tour – Brought to You by Wall Street: Part XIV of an Investigative Report]

"In a perfect world, in another time, perhaps renewable energies will be made of butterfly kisses and rare, precious Earth minerals will fall from the sky."

How Wall Street Is Cashing In on Climate Catastrophe

"The World Bank, the United Nations and the Union of Concerned Scientists have all heralded cat bonds as a way to leverage private capital markets to protect against climate catastrophe. In 2014, the World Bank created a $30 million cat bond to cover the risk of tropical cyclones and earthquakes in 16 countries, including Haiti."

Fossil Fuel Divestment Farce

"Grantham, meanwhile, donated millions to buy the support of Sierra Club, Nature Conservancy, Environmental Defense Fund and Greenpeace. As usual, the 350 Climateers are clueless about how they are being used by fossil fuel investors to undermine democracy and the environmental movement."

Why the Fossil Fuel Divestment Movement is a Farce

"The campaign endangers its legitimacy — and shows how toothless it is — by accepting funding from Steyer and Grantham. Both have a clear financial interest in routing pension fund and endowment investments further from publicly traded securities and into the private markets dominated by their firms."